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Editor's note: Today, we're continuing our "how to live a rich life" series with the major secret to Steve's success in life – the Sjuggerud Advantage. Read on to learn...
How to Be Dramatically More Productive, Successful, and WealthyBy
Tuesday, December 22, 2015
A few years ago, I was out to dinner with a couple of the most successful guys I know – and they were giving me a hard time.
They were ribbing me about what Stansberry Research founder Porter Stansberry calls the "Sjuggerud Advantage."
Hey, I can take it... The Sjuggerud Advantage, as I'll explain, is a major secret to my life's success.
The nice part is that anyone can do it... The Sjuggerud Advantage requires no special skills. Let me tell the story...
We were at the Prime 112 restaurant in Miami Beach. It's a hip restaurant today, no doubt. As we were leaving, rap star Rick Ross was stepping out of his Rolls Royce and walking in.
Dinner was great... But my definition of a great dinner is "good times with good friends." I don't need a fancy bottle of wine or an unpronounceable delicacy to enjoy a meal.
Around 9:45 p.m., I started checking my watch... And Porter and the other guys at dinner gave me a bit of a hard time...
You see, I don't drink. I don't normally go out for fancy, three-hour meals. And most importantly, I go to bed early and get up early.
Porter was giving me a hard time about missing out on some of life's finer things. But I know these are parts of what Porter calls "the Sjuggerud Advantage."
I've heard Porter tell others: "You don't see the benefits of the Sjuggerud Advantage across a day or two. But over time, it adds up. The guy gets a lot done."
It might sound silly. But I think the most important part of the Sjuggerud Advantage is simply getting out of bed... and doing it an hour earlier than anyone else...
"Getting to work early is such a common virtue of successful people that I'm tempted to call it the single most important thing you can do to change your life," my friend Michael Masterson wrote in his book Automatic Wealth. Michael is a self-made multimillionaire.
And I agree with him...
I get more done in the first two hours of my morning than I do in any other four-hour stretch during the day. More importantly, I get my BEST work done then – with no interruptions and no distractions, just focus.
I probably take it too far... I've come to like driving the streets when they're empty, before the sun has come up. I think it's partly because I know I'm going to get A LOT done.
And I've found that once it gets past 10 or 10:30 at night, I'm not very productive at all. I'm tired, I'm sidetracked thinking about the day's problems, and I'm better off calling it a day and starting up fresh in the morning.
While Porter would likely tell you there's more to it, I think simply getting up early is the big secret of the Sjuggerud Advantage. It's the big secret to getting a lot done.
It requires no special skills to get up a half-hour or an hour earlier than you usually do. And most of the extremely successful people I know get their days started very early. It's a simple thing, but it could have a dramatic effect over time.
As Porter said, you might not see the benefits after a day or two... But they add up. You get a lot more done early in the morning... And ultimately, you become more successful than the next guy.
It costs you nothing, and it could make you dramatically more productive, successful, and wealthy.
It has certainly worked for me. I think it's the biggest part of the Sjuggerud Advantage.
It's so simple. But most people don't do it. Based on what I've described, though, isn't it at least worth trying?
Regards,
Steve
Further Reading:
Earlier this year, wealth-building expert Mark Ford shared a story that illustrates how successful people use their spare time. If you want to learn how to become one of these people, click here.
"Many times, the things/experiences that give us the greatest joy are free," Mark writes. "But oftentimes, money is involved. And when that's the case, we have to weigh the cost of the thing/experience against the pleasure we will get from it." Learn "how to buy happiness" right here.
Market Notes2015 YEAR IN REVIEW: THE POWER OF CAPITAL EFFICIENCY One of our core investment themes was at work again in a big way this year...
We're talking about the power of owning capital-efficient businesses. And as you can see from today's chart, there may not have been a better example of this in 2015 than video-game maker Activision Blizzard (ATVI).
Regular readers are familiar with the concept of capital efficiency. In short, these businesses are capable of greatly increasing their earnings without spending much additional capital. They have long-lived products, strong customer loyalty, can gradually raise prices when they need to, and consistently return loads of money to shareholders.
Activision publishes popular video-game franchises such as Guitar Hero, Call of Duty, World of Warcraft, and Diablo. And the company has been on a tear this year... As you can see below, shares have nearly doubled since January. It has been one of the best-performing stocks in 2015... And it's more proof that investing in capital-efficient businesses is one of the safest ways to make money in the stock market.
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